/PRNewswire/ It s common knowledge that the Pandemic has driven the price of precious metals to all time highs over the last year… but how long will it.
2021 Guidance Highlights
Copper production guidance of 70 to 80 million pounds.
Gold production costs guidance of $475 to $525 per ounce.
All-in sustaining costs on a by-product basis
NG guidance of $850 to $900 per ounce is higher than 2020 primarily due to Kumtor processing lower grade material from its stockpiles on surface.
All-in costs on a by-product basis
NG guidance of $1,175 to $1,230 per ounce.
Total capital spending guidance of $430 to $480 million including capitalized stripping is higher than 2020 due to increased spending at Kumtor and Mount Milligan.
Total capitalized stripping guidance of $230 to $245 million including $220 to $230 million at Kumtor primarily for mining cut-back 20 and $10 to $15 million at Öksüt.
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PREMIER GOLD MINES LIMITED ( Premier )
(TSX:PG) (OTCPK: PIRGF) and
CENTERRA GOLD INC. ( Centerra ) (TSX:CG) are pleased to announce that an affiliate of the Orion Mine Finance Group ( Orion ), has entered into an agreement (the Purchase Agreement ) with Centerra and Premier pursuant to which Orion will acquire Centerra s 50% interest in the Greenstone Gold Mines Partnership ( GGM ) for cash consideration of US$225 million (subject to certain adjustments) plus certain contingent payment obligations of approximately US$75 million (assuming a US$1,500 gold price), described below (the Transaction ). Premier currently owns the other 50% of GGM.
GGM s principal asset is the Hardrock Mine Project ( Hardrock or the Project ) located on the Trans-Canada Highway near Geraldton, Ontario, Canada and represents one of the most significant large-scale, permitted, mine development opportunities in North America.